MSC joins Rheinmetall in €138m Romanian shipyard takeover

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Mediterranean Shipping Company and Rheinmetall are jointly acquiring Romania’s bankrupt Mangalia shipyard for €138 million. The deal is intended to revive the Black Sea facility, one of Europe’s largest shipbuilding yards.

Mediterranean Shipping Co (MSC) has been confirmed as a joint buyer of Romania’s bankrupt Mangalia shipyard, teaming up with German defence giant Rheinmetall in a €138m deal to revive one of Europe’s largest shipbuilding facilities. As Splash reported last week, Rheinmetall secured the Black Sea yard at auction, but today’s announcement confirms that the Aponte-controlled …